Medtronics Cranks Up Debt

Medtronics (MDT) issued Q4 numbers and let the world know they broke the $4 Billion revenue mark for an individual quarter. Of course that sounds good. What the earnings release misses out on is management commentary on results. We just have a lot of segmented information without qualitative remarks. Will it come out in the conference call?

In particular they are increasing both long and short term debt. This is always of concern. The market cap of some $45 Billion is resting on very real debt of some $10 Billion. Management is silent on this balance sheet issue

Disclosure: No position in this stock